Ryan H. Murray Acquires 17,500 Shares of SkillSoft Corp. (NASDAQ:SKIL) Stock

SkillSoft Corp. (NASDAQ:SKIL) CFO Ryan H. Murray bought 17,500 shares of the firm’s stock in a transaction on Friday, September 17th. The stock was purchased at an average cost of $10.69 per share, for a total transaction of $187,075.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

SKIL stock traded up $0.20 during midday trading on Tuesday, reaching $10.71. 1,100,505 shares of the company’s stock traded hands, compared to its average volume of 1,021,938. The firm has a fifty day simple moving average of $9.48. The company has a current ratio of 0.80, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. SkillSoft Corp. has a 52 week low of $8.56 and a 52 week high of $11.75.

Hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. purchased a new position in shares of SkillSoft in the 2nd quarter worth about $59,000. Bank of New York Mellon Corp purchased a new stake in SkillSoft during the second quarter valued at about $14,493,000. Must Asset Management Inc. purchased a new stake in SkillSoft during the second quarter valued at about $387,000. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of SkillSoft during the second quarter valued at about $1,622,000. Finally, Atalaya Capital Management LP bought a new stake in shares of SkillSoft during the second quarter valued at about $2,529,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

Several equities research analysts recently commented on the stock. assumed coverage on shares of SkillSoft in a research report on Tuesday, June 22nd. They set a “buy” rating and a $18.00 target price on the stock. Piper Sandler boosted their price target on shares of SkillSoft from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 15th. Oppenheimer initiated coverage on shares of SkillSoft in a research report on Monday, August 16th. They issued a “market perform” rating on the stock. Citigroup initiated coverage on shares of SkillSoft in a research note on Tuesday, June 22nd. They issued a “buy” rating for the company. Finally, Barclays lifted their price objective on shares of SkillSoft from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Wednesday, September 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $14.25.

SkillSoft Company Profile

Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company offers enterprise learning solutions to prepare organizations for the future of work, as well as enable them to overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their greatest assets.

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